HI Options History — October 2025

In October 2025, HI traded between $24.98 and $31.61. ATM implied volatility averaged 41.9%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded below realized volatility by 23.6% (HV 20d: 65.5%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.63.

Notable Days

  • 2025-10-15: Highest Volume — 4,664 contracts
  • 2025-10-15: Largest IV drop — 93.3% change
  • 2025-10-14: Highest IV Rank — 54.9%
  • 2025-10-10: Largest Expected Move — 26.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.23$24.98$31.61$26.83$31.61
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV41.9%5.3%129.8%59.7%8.8%
Expected Move11.2%1.5%26.3%17.1%2.5%
HV 20d65.5%54.9%81.2%59.2%65.1%
HV 60d67.8%63.3%72.4%64.1%69.3%
IV Rank14.3%0.0%54.9%17.1%1.7%
IV Percentile28.6%0.0%90.9%33.3%4.0%
Term Structure5.2%-27.5%43.4%29.4%14.7%
VWIV41.6%5.5%89.9%69.4%9.2%
Skew 25d-8.8%-69.2%36.6%-5.6%2.7%
Skew 10d-23.7%-100.9%82.0%-43.7%-15.6%
Call IV 25d58.5%9.2%99.5%72.3%29.3%
Put IV 25d49.7%9.1%109.9%66.7%31.9%
Bid-Ask Spread %84.1439.9398.2896.8981.62
Gamma HHI0.540.440.930.510.70
Net GEX471.7K31.8K2.1M751.1K39.7K
Net DEX-16.3M-36.1M-12.5M-21.0M-12.5M
Net VEX-40.5K-89.9K-7.4K-84.5K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.001.820.221.27
Total Volume530.78324,6641,421152
Total OI18,154.69610,93926,27324,23010,964

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$26.83$25.0059.7%17.1%59.2%17.1%69.4%-5.6%29.4%751.1K-21.0M-84.5K0.2296.89N/AN/A1,16825323,743487
2025-10-02$26.96$25.0073.5%21.1%57.5%24.9%74.8%-9.9%9.1%800.6K-21.7M-87.9K0.4598.28N/AN/A1486724,203779
2025-10-03$26.86$25.0076.3%21.9%56.8%26.4%81.2%2.1%10.9%766.3K-22.9M-89.9K0.1696.71N/AN/A80412824,219845
2025-10-06$26.80$25.0086.6%21.9%55.7%32.2%84.3%36.6%5.3%753.4K-20.1M-81.0K1.1484.98N/AN/A21724724,550953
2025-10-07$26.03$25.0087.2%23.8%56.2%32.6%83.1%12.3%-20.3%683.0K-16.6M-72.7K0.4065.02N/AN/A25510124,5611,202
2025-10-08$26.28$25.0074.6%24.0%56.2%25.5%83.9%-2.5%-13.5%691.5K-17.6M-76.1K1.1374.15N/AN/A11212724,5041,303
2025-10-09$25.77$25.0093.3%24.9%55.6%36.0%79.5%8.7%-25.9%670.3K-15.6M-70.7K0.7276.73N/AN/A977024,4881,454
2025-10-10$24.98$25.0093.0%26.3%54.9%35.9%89.9%4.8%-19.5%543.7K-12.8M-63.0K1.3874.92N/AN/A25535224,4271,524
2025-10-13$26.17$25.0088.1%25.0%57.2%30.6%81.9%23.9%-27.5%668.4K-16.8M-69.5K0.1964.17N/AN/A3075724,3901,875
2025-10-14$26.36$25.00129.8%23.5%57.2%54.9%81.1%1.2%-10.7%685.3K-15.9M-66.9K0.3885.37N/AN/A1294924,3421,931
2025-10-15$31.23$25.008.7%2.5%81.2%0.0%6.5%3.7%7.0%2.1M-36.1M-28.0K0.5739.93N/AN/A2,9791,68524,2551,978
2025-10-16$31.34$25.005.8%1.7%80.0%0.0%0.0%-1.4%0.3%736.4K-14.1M-31.1K0.3081.24N/AN/A5841789,8242,920
2025-10-17$31.48$25.005.8%1.7%78.8%0.0%5.5%-57.8%5.9%78.5K-15.3M-7.4K1.1189.50N/AN/A2703009,6193,025
2025-10-20$31.49$25.005.3%1.5%78.8%0.0%21.0%-62.2%5.9%40.0K-13.3M-11.1K0.3096.75N/AN/A289879,0271,945
2025-10-21$31.48$25.006.7%1.9%78.1%0.7%5.6%-63.4%43.4%73.6K-13.1M-10.3K0.7395.47N/AN/A91669,0612,026
2025-10-22$31.49$25.008.4%2.4%76.7%1.5%8.5%8.6%1.8%176.3K-13.0M-10.5K0.1096.94N/AN/A5059,0312,067
2025-10-23$31.51$25.008.3%2.4%75.0%1.5%8.4%8.7%33.5%169.7K-12.8M-12.7K1.8297.53N/AN/A22409,0112,072
2025-10-24$31.51$25.007.7%2.2%65.2%1.2%8.4%-67.2%33.7%114.0K-12.9M-11.1K0.4897.50N/AN/A103499,0042,097
2025-10-27$31.48$25.007.8%2.2%65.3%1.2%6.7%-69.2%4.3%70.8K-12.8M-10.0K0.0096.56N/AN/A9108,9032,114
2025-10-28$31.52$25.009.2%2.6%65.2%1.9%9.2%9.6%1.6%116.6K-12.6M-9.4K0.0081.66N/AN/A208,8292,114
2025-10-29$31.55$25.009.8%2.8%65.2%2.2%10.2%9.7%13.6%125.5K-12.6M-9.6K0.4181.86N/AN/A97408,8252,114
2025-10-30$31.55$25.008.3%2.4%65.2%1.5%7.9%4.0%17.1%31.8K-12.5M-9.5K1.3081.41N/AN/A37488,7992,154
2025-10-31$31.61$25.008.8%2.5%65.1%1.7%9.2%2.7%14.7%39.7K-12.5M-8.5K1.2781.62N/AN/A67858,7762,188